Proactive weekly mining highlights: Caledonia Mining, Shanta Gold, Anglo Asia Mining …


Metal Tiger PLC (AIM:MTR, OTC:MRTTF, FRA:EBRA, ASX:MTR) (AIM:MTR, OTC:MRTTF, FRA:EBRA, ASX:MTR) flagged the A$1.9bn (GBP1bn) acquisition agreed by 3.4%-owned Sandfire Resources Limited of the Minas De Aguas Tenidas (MATSA) mining complex in Spain and a A$1.25bn equity raising. Metal Tiger is currently interested in approximately 3.4% of Sandfire’s issued share capital

Caledonia Mining Corp PLC said it agreed to buy the Maligreen project in the Gweru mining district in Zimbabwe, from Pan African Mining (Private) Ltd, a privately owned Zimbabwean company, for US$4mln (GBP2.9mln) in cash.

Anglo Asian Mining PLC (AIM:AAZ, FRA:A4A, OTC:AGXKF) (AIM:AAZ, FRA:A4A, OTC:AGXKF) expects its financial performance to improve in the second half after it reported a decline in interim pretax profit due to higher input costs and lower gold production.

Eurasia Mining PLC (AIM:EUA, FRA:EUH) (AIM:EUA, FRA:EUH) will raise GBP11mln through a private placement with institutional investors to help finance a previously announced joint venture with Russian state-owned company Rosgeo.

Shanta Gold Ltd (AIM:SHG) announced its first indicated resource for the West Kenya project following its Phase 1 exploration programme.

Alien Metals Ltd (LSE:UFO) (LSE:UFO) announced a maiden inferred resource estimate of more than 10 million tonnes for the Hancock iron ore project in the Pilbara region of Western Australia.

Ferro-Alloy Resources Ltd (LSE:FAR, FRA:5PE) (LSE:FAR, FRA:5PE) told investors it started the production of ferro-molybdenum and vanadium pentoxide.

Cloudbreak Discovery PLC (LSE:CDL) (LSE:CDL) said it found an exploration partner for its South Timmins gold project in Ontario, Canada. The partner, identified as 1315956 BC Ltd, will commit up to C$1.5mln (GBP0.9mln) in exploration expenditure on the property, with a minimum of C$265,000 to be spent during the first year.

Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) said it discovered 37 hard rock artisanal gold workings across its Gabal om Ourada and Wadi Dubur projects in Egypt following initial field reconnaissance

AfriTin Mining Ltd (AIM:ATM, FRA:9IA) (AIM:ATM, FRA:9IA) said it has agreed a 90mln Namibian dollar (GBP4.5mln) loan facility with Standard Bank Namibia Ltd to fund the expansion of the Phase 1 processing plant at its flagship Uis tin mine.

Pembridge Resources PLC (LSE:PERE) (LSE:PERE) chief executive Gati Al-Jebouri said he looks forward to the company reaping the benefits of the market recognising the ‘true value’ of the Minto asset.

Al-Jebouri, in the company’s financial statement, highlighted the progress made with Minto in the first half of 2021 which included the spin-out and float of Minto into a Toronto Stock Exchange listed vehicle.

Chaarat Gold Holdings Limited announced it appointed Mike Fraser as its new chief executive, starting on 17 January. Fraser brings over 20 years of experience in the mining and metals industry.


Please enter your comment!
Please enter your name here